European companies are looking into Iran as a potential new market for their dairy products amid a Russian embargo, market intelligence firm Euromonitor International has said.
According to Press TV, Russian President Vladimir Putin has ordered an embargo on dairy imports from Europe in retaliation for Western sanctions on Moscow over the Ukraine crisis.
Russian officials have traveled to Iran to source supplies of fish, dairy and meat from their regional ally which is under similar sanctions. In May, Russia gave the go-ahead to dairy and poultry supplies from six Iranian companies, RIA Novosti reported.
European companies have taken heart from …read more
Source: Iran English Radio
